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Anthropic targets $1 trillion IPO valuation, plans nearly $90 billion fundraising

Anthropic is targeting a $1 trillion valuation through its upcoming IPO alongside a private placement, intending to issue 825 million shares at a price range of $70 to $78 each. Significant backing comes from seven major tech firms, investing a combined $26 billion. This initiative reflects the strong connection between AI developers and the semiconductor sector, with Anthropic's revenue run-rate…

First reported by Times of India 1 source
Image: Times of India
Image: Times of India
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  1. Times of India

    Anthropic targets $1 trillion IPO valuation, plans nearly $90 billion fundraising (opens Times of India in a new tab)

    Anthropic is targeting a $1 trillion valuation through its upcoming IPO alongside a private placement, intending to issue 825 million shares at a price range of $70 to $78 each. Significant backing comes from seven major tech firms, investing a combined $26…

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